Property Overview: 526 Sharron Bay, Winnipeg

Key Characteristics & Appeal

This 1,476 sqft bungalow, built in 1960 on a 6,047 sqft lot in Rossmere-A, presents a compelling opportunity rooted in its established neighborhood context. Its primary appeal lies in its standout size and value within its immediate surroundings. The living area is notably larger than most comparable homes on its street (ranking in the top 4%) and in the Rossmere-A neighborhood (top 7%). With an assessed value of $354k, it sits above the local averages for both the street and neighborhood, suggesting a perception of solid worth in its micro-market.

The property would suit practical buyers looking for space and value in a mature, stable community. It’s ideal for someone who prioritizes a home that stands out favorably on its own block over one that leads citywide metrics. The data suggests a home that is well-maintained and likely updated since its 1960 construction, offering more interior space than many of its peers. A thoughtful perspective is that this home represents a "big fish in a small pond"—its competitive advantages are most pronounced right where you live, which can translate to everyday livability and pride of place, even if its specs are more average citywide.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $354k is for municipal tax purposes and is above the local street and neighborhood averages. It provides a benchmark, but the final sale price will be determined by current market conditions, the home's specific condition, and buyer demand.

2. The home was built in 1960. What should I consider regarding its age?
While the age is typical for the area, a home from this era may have original components like plumbing, electrical, or windows. Its "elite" ranking for year built on its street simply means it is among the newer homes on the block, but a thorough inspection is essential to understand the condition and any needed updates.

3. The lot size is above average for the neighborhood but slightly below average for the street. Is that significant?
The 6,047 sqft lot is generous for Rossmere-A and is very close to the street average. The minor difference from the street average is unlikely to be noticeable and still provides ample outdoor space compared to many city lots.

4. What do the sales history price ranges indicate?
The property last sold in August 2020 for an estimated $300k–$350k. These historical ranges, drawn from public data, show past market activity but are not a guarantee of future value. The current assessed value suggests an appreciation in valuation since that last sale.

5. How useful are the provided comparisons to nearby homes?
The listed nearby properties (e.g., on Mark Pearce Avenue, Stalker Bay) are excellent for understanding the local market context. They show a mix of sizes and values, highlighting that 526 Sharron Bay offers a larger living area than many direct neighbors, which is a key differentiator.